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EU seeks energy efficiency to ease Russia gas link

BRUSSELS (AP) — The European Union's executive is proposing legislation to curb the energy use of households and firms by almost one third by 2030 to reduce greenhouse gas emissions and lower its dependence on gas imports, particularly those from Russia.

Wall St. set to rise on earnings; world conflicts eyed

Specialist trader Geoffrey Friedman gives a price just after the opening bell on the floor of the New York Stock Exchange By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks were set to rise slightly at the open on Wednesday, boosted by bullish earnings from companies like Boeing, Pepsi and Microsoft, though conflicts in Ukraine and the Gaza Strip weighed on investor confidence. Microsoft shares rose 1.4 percent in premarket trading a day after it said it aimed to get its loss-making Nokia phone unit to break even within two years. Boeing added 1.2 percent in premarket trading after it reported a 52 percent jump in quarterly profit on higher commercial aircraft deliveries. PepsiCo rose 2.1 percent before the opening bell after it reported a higher-than-expected quarterly profit and raised its full-year adjusted earnings forecast.


Delta Air quarterly profit rises, aided by U.S. demand

Customers wait their turn to be served at at the Delta airlines office in Caracas (Reuters) - Delta Air Lines reported a higher second-quarter profit on Wednesday as it flew fuller planes and enjoyed higher passenger revenue in the United States and Europe. Delta expected unit revenue - a benchmark gauge known as passenger revenue per available seat mile - to grow 2 percent to 4 percent in the current quarter.


Lufthansa cancels another day of Tel Aviv flights

BERLIN (AP) — Germany's largest airline, Lufthansa, says it is cancelling all flights to Tel Aviv for at least another 24 hours because of ongoing safety concerns.

Higher commercial jet deliveries boost Boeing's profit

The Boeing logo is seen on a Boeing 787 Dreamliner airplane in Long Beach (Reuters) - Boeing Co reported a 52 percent increase in quarterly profit, helped by a rise in commercial aircraft deliveries and raised its full-year earnings forecast. The company said commercial aircraft deliveries rose 7 percent to 181, including 30 Dreamliner jets, in the second quarter ended June 30. Boeing's ability to churn out the Dreamliner, which was hit by problems with its lithium-ion batteries last year, is crucial to the company's financial performance this year as it is relying on commercial jets to offset a weak defense business. The planemaker delivered its first stretched Dreamliner 787-9 in the quarter.


Japan readies fuel cell subsidies in bet on Toyota’s next big thing

File photo of Toyota Motor Corp's FCV concept car seen at the 43rd Tokyo Motor Show in Tokyo By Yoko Kubota and Maki Shiraki TOKYO (Reuters) - Japan is readying subsidies to help Toyota Motor Corp and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million over the next several years if the most bullish projections for the technology play out. Prime Minister Shinzo Abe's planned consumer rebates of at least $20,000 per vehicle would be the largest government support plan for hydrogen vehicles yet, raising the stakes for a commercially unproven technology with roots in the space race that Toyota and others see headed for the mainstream over the coming decades. The taxpayer-funded program would bring down the cost of Toyota's soon-to-be-launched hydrogen-powered fuel cell car to around $50,000 in Japan, about the cost of a small luxury sedan such as the BMW 3 Series.


PepsiCo raises profit forecast as North America snack sales rise

Bottles of Pepsi cola on display at PepsiCo's 2010 Investor Meeting event in New York (Reuters) - PepsiCo Inc reported a higher-than-expected quarterly profit and raised its full-year adjusted earnings forecast, helped by strong sales of snacks such as Lays and Doritos chips in North America. Shares of the maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice rose 2.3 percent to $91.25 before the bell. The company said organic revenue grew 5 percent in its global snacks business, partly due to price hikes. Organic revenue rose 2 percent in beverages business. Snack volumes in North America grew 2. ...


Oil stays above $102 amid Gaza peace efforts

A arrivals flight board displays various canceled and delayed flights in Ben Gurion International airport a day after the U.S. Federal Aviation Administration imposed a 24-hour restriction on flights after a Hamas rocket landed Tuesday within a mile of the airport, in Tel Aviv, Israel, Wednesday, July 23, 2014. U.S. Secretary of State John Kerry flew into Israel's main airport Wednesday despite a Federal Aviation Administration ban in an apparent sign of his determination to achieve a cease-fire agreement in the warring Gaza Strip despite little evidence of progress in ongoing negotiations. (AP Photo/Dan Balilty) The price of oil inched further above $102 a barrel Wednesday amid a new push for a cease-fire between Israel and Palestine and after Europe imposed additional sanctions on Russia that fell short of a heavy hit.


Fiat CEO says tie-up with Volkswagen was never on agenda

A new Fiat Chrysler Automobiles sign is pictured after being unveiled at Chrysler Group World Headquarters in Auburn Hills, Michigan Fiat Chrysler CEO Sergio Marchionne on Wednesday quashed speculation of a possible tie-up with Germany's Volkswagen , saying the idea had never been on the agenda. A German magazine earlier this month reported Volkswagen Chairman Ferdinand Piech had held talks with the owners of Fiat Chrysler about buying all or part of the group. John Elkann, the head of holding group Exor which controls Fiat Chrysler via a 30 percent stake, said at the same event as Marchionne that there was nothing else to add on the matter. Fiat and Exor had already denied the German report, while Volkswagen said it had no takeover plans.


SEC poised to end $1 a share for some money funds

FILE- In this Dec. 17, 2008 file photo, the Securities and Exchange Commission (SEC) headquarters in Washington is shown. Regulators are expected to vote Wednesday July 23, 2014 to end a longtime staple of the investment industry _ the fixed $1 share price for money-market mutual funds _ at least for some money funds used by big investors. (AP Photo/File) WASHINGTON (AP) — Regulators are expected to vote Wednesday to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors.


Five held in China food scandal probe, including head of Shanghai Husi Food

Employees stand during a seizure conducted at the Husi Food factory in Shanghai By Brenda Goh and Paul Carsten SHANGHAI/LANGFANG China (Reuters) - Shanghai police said on Wednesday they detained five people in an investigation into a Chinese-based supplier of foreign fast-food brands including KFC and McDonald's Corp over allegations the firm supplied out-of-date meat. The five detained include the head of the company - Shanghai Husi Food Co Ltd, a unit of U.S.-based OSI Group LLC - and the firm's quality manager, the police said in an online statement. McDonald's, Yum Brands Inc, the parent company of KFC and Pizza Hut, and coffee chain Starbucks Corp are among global brands to have pulled products from their outlets after it emerged that Shanghai Husi supplied expired meat to clients in China, as well as Japan, in the latest in a series of food safety scandals in the country. Earlier, the official Xinhua news agency cited the Shanghai food and drug watchdog as saying that food safety violations at Shanghai Husi were company-led rather than the acts of individuals.


NY Fed found serious problems at Deutsche Bank's U.S. arms: source

A man walks past Deutsche Bank offices in London The Federal Reserve Bank of New York has found serious problems in Deutsche Bank's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, a person close to the matter told Reuters. In a letter to the German lender's executives last December, a senior official with the New York Fed described financial reports produced by some of the bank's U.S. divisions as "low quality, inaccurate and unreliable", said the source, who is familiar with the letter. The New York Fed, as the U.S. central bank's eyes and ears on Wall Street, directly supervises the biggest U.S. and foreign banks, partly through embedded regulators who go to work each day inside the banks. Deutsche Bank shares lost 1.8 percent in early trading, the biggest decliners on both Germany's blue-chip index and among the European banking sector, on fears that U.S. regulators could take action against the bank.


China detains employees of suspect meat seller

A man eats a burger at a McDonald's restaurant in Beijing Tuesday, July 22, 2014. China's food safety agency on Tuesday announced a nationwide inspection of processing factories and meat suppliers used by a company accused of selling expired beef and chicken to McDonald's and KFC. (AP Photo/Ng Han Guan) BEIJING (AP) — Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.


Whirlpool posts lower profit, cuts outlook on acquisition expenses

Whirlpool appliance manufacturing plant located in Cleveland (Reuters) - Whirlpool Corp on Wednesday reported a lower quarterly profit as sales fell in every region except North America. The company also cut its full-year earnings outlook, citing expenses from two pending acquisitions. Whirlpool, which sells its washers and dryers, stoves, and refrigerators under a variety of brand names including Whirlpool, Maytag, KitchenAid and Jenn-Air, said it had sold $4.7 billion in goods during the quarter, unchanged from a year earlier. The Benton Harbor, Michigan-based company said sales gains in North America were offset by weakness in the rest of the world, including Latin America, Europe and Asia.


Despite sanctions call, UK OKs Russia arms exports

LONDON (AP) — Britain is still authorizing the export of arms and military equipment to Russia despite the government's call for tough sanctions over Moscow's arming of separatist rebels in Ukraine, a group of lawmakers said Wednesday.

Global stocks bolstered by US earnings, home sales

SEOUL, South Korea (AP) — Global stocks mostly rose Wednesday, bolstered by solid U.S. earnings and home sales as tensions between Russia and the West over Ukraine eased.

In international flight, volatile conflicts abound

Israeli police officers secure a destroyed house that was hit by a rocket fired by Palestinians militants from Gaza, in Yahud, a Tel Aviv suburb near the airport, central Israel, Tuesday, July 22, 2014. As a result, Delta Air Lines and U.S. Airlines decided to cancel their scheduled flights to Israel.(AP Photo/Dan Balilty) DUBAI, United Arab Emirates (AP) — In Libya, militias armed with shoulder-launched missiles are battling for control of the country's main airport. In Africa, the entire Sahel region is awash with weapons that include portable air defense systems leftover from the ouster of Moammar Gadhafi.


Agents get subsidized 'Obamacare' using fake IDs

WASHINGTON (AP) — Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law.

Judges in health care rulings vote party line

the U.S. Court of Appeals for the D.C. Circuit WASHINGTON (AP) — In rapid succession, six federal judges on two appeals courts weighed in on a key component of President Barack Obama's health care law. Their votes lined up precisely with the party of the president who appointed them.


U.S. SEC poised to adopt reforms for money market funds

To match Special Report SEC/INVESTIGATIONS By Sarah N. Lynch WASHINGTON (Reuters) - U.S. regulators are expected to adopt rules on Wednesday that force "prime" money market funds used by large institutions to float their share price. Proponents have suggested that moving from the current stable $1 per share net asset value (NAV) to a floating NAV would help prevent investors from getting spooked by the prospect of funds "breaking the buck," or falling lower than that amount. The reform will impact a wide variety of asset managers, from Blackrock Inc, Fidelity and Vanguard to Charles Schwab Corp, Pimco and Federated Investors Inc. The two-pronged reform for the $2.6 trillion industry comes after a long battle between the SEC, the industry and federal banking regulators. The industry and the U.S. Chamber of Commerce have warned that any rules that drastically change the structure of money market funds could cut off a major supply of short-term funding for corporations.


Grow Your Business by Protecting Your Life With Guardrails

Grow Your Business by Protecting Your Life With Guardrails If you want a successful business, you almost always have to go through this intense startup period. When the business gains success and momentum, far too many business owners fail to recognize they can and should shift the intensity and begin to put up some simple guardrails.


SEC Targeting 10 Firms In High-Speed Trading Investigation

SEC Targeting 10 Firms In High-Speed Trading Investigation (Refiles to correct spelling of Allston in fourth paragraph) By John McCrank NEW YORK, July 17 (Reuters) - The U.S. Securities and Exchange Commission has been seeking information on 10 registered broker dealers as part of an ongoing investigation into high-frequency trading strategies, according to an internal SEC document reviewed by Reuters. The regulator told its staff in late March that it was interested in seeing any tips, complaints, or referrals that they receive concerning the brokers and high frequency trading. ...


Should Your Business Become a B Corporation?

Should Your Business Become a B Corporation? A "Benefit Corporation" (B Corp) is a company that engages in socially beneficial practices and considers how their business decisions will impact their employees, suppliers, community, consumers and the environment. I believe a company doesn't have to be exclusively a nonprofit or a for-profit and a B Corp is the perfect hybrid of the two--a company structured to make a profit while also providing social benefits.


Just Pick Up the F*#@ing Phone

Just Pick Up the F*#@ing Phone Like most people, I send dozens of emails a day. Pretty much anything that I work on can be dealt with using email. But is that always the right choice?


Women in Business Q&A: Jess Lee, CEO and Co-Founder of Polyvore

Jess Lee is Polyvore's CEO. Prior to co-founding Polyvore, Jess was a product manager at Google, where she worked on Google Maps and launched features like My Maps and draggable driving directions. After four years at Google, Jess became hopelessly addicted to making Polyvore sets and decided the only cure was to join the Polyvore team to help build the company. Jess has a degree in computer science from Stanford University. How has your life experience made you the leader you are today? When I was growing up, my mom ran her own small business out of our apartment. Because

SEO Questions Franchise Owners Need to Ask

SEO Questions Franchise Owners Need to Ask Asking these questions doesn't always come to mind right away, but these are crucial if you own a franchise. Franchises are constantly growing and by nature have a lot of people working higher positions, so the managers working with you are constantly changing.


Startups: Switzerland's New Graduate Program

By Eva Perrett, Masters Student at Graduate Institute in Geneva Swiss students have dispersed the summer holidays. Among those graduating and entering the job market, a new trend is emerging. More and more young people are founding startups. Idyllically situated with views of Zurich, the Villa Rigi, a former manor house, has bright rooms and a garden that now serve a new purpose: as a headquarters for Swiss startups. Five startups are based here, among them ElectricFeel, a technology spin-off from the university ETH Zürich, with a focus on urban mobility. ...

For Women in Computer Science, Tech Is a Golden Opportunity

For Women in Computer Science, Tech Is a Golden Opportunity Google recently released report acknowledging the lack of diversity in their workforce kicked up a storm. The company says, most of its workforce is white (61%) and male (70%). Worse, a mere 17% of Google's tech workforce is women. By and large, this is not Google's fault.


Someone Left A Loaded Gun In A Walmart Bathroom

Someone Left A Loaded Gun In A Walmart Bathroom Walmart could be the next battleground in the fight over gun rights in retail chains after a loaded revolver was found in the bathroom of a South Carolina store. On the afternoon of Saturday, July 12, a man with a concealed carry permit left his gray Smith & Wesson revolver, loaded with five live .38 caliber rounds, atop the toilet paper dispenser in a stall of the rear men's bathroom of a York, South Carolina Walmart, according to a police report.


The Nature of Work

The Nature of Work But we can't blame our problems with work on work itself because "work" as an entity doesn't exist. It has no consciousness. Work is what we do and it is so much a part of what we are.


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